Short-term solutions involve expanding fiscal support and stimulating demand.
Long-term solutions require increasing the household sector's share of GDP.
This means reducing the share retained by governments or businesses, a difficult task.
The problems facing the Chinese economy are currently clearer than the solutions.
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Transcript
Episode notes
Goldman Sachs Research’s Hui Shan, chief China economist, and Peking University Guanghua School of Management’s Michael Pettis discuss just how effective China’s domestic policy stimulus will be in addressing the country’s internal and external economic challenges. This episode explores the latest Top of Mind report, “Will China’s policy stimulus be enough?”